Quote:
Originally Posted by morris_14226
It’s dependent on were Goldin ships the card. If they ship it to a state without state sales tax, (Texas say) they don’t have to collect state sales tax. If they do ship to a state with sales tax (NY say) they have to collect sales tax. My guess is Goldin’s physical vault is in a state with zero sales tax so when they ship it there they don’t collect sales tax. So when a vault holder sells the card, he just pays tax once on the proceeds of the sale.
You could do the same thing and get an address in a no tax state(Texas) and have the card shipped there.
Again-the issue is how you account for the cash on the sale. In NYS, they specifically ask you if you’ve earned any money outside the state. If you did-you have to claim it.
Sent from my iPhone using Tapatalk
|
Yes it's in Delaware.
__________________
My avatar is a sketch by my son who is an art school graduate. Some of his sketches and paintings are at
https://www.jamesspaethartwork.com/
He is available to do custom drawings in graphite, charcoal and other media. He also sells some of his works as note cards/greeting cards on Etsy under JamesSpaethArt.
|